Business
CME Group to Create Unified Global NDF Trading Venue, Expanding Access and Enhancing Liquidity For Participants
CHICAGO and LONDON, Dec. 11, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will combine its two
About this update from Cme Group Inc.
[{"type":"text","content":"CHICAGO and LONDON, Dec. 11, 2023 /PRNewswire/ -- CME Group, the world's leading derivatives marketplace, today announced that it will combine its two non-deliverable forward (NDF) liquidity pools on the EBS Market platform onto a single trading venue in October 2024, subject to regulatory approval.\n\nThe combination will bring market participants across regulatory jurisdictions into a unified global trading environment, supporting improved market efficiency and enhancing EBS's role as the leading source of centralized liquidity and price discovery in NDFs.\n\"Amid continued fragmentation and rising complexity within the global FX market, the need for a unified, globally accessible primary trading venue in NDFs is greater than ever,\" said Paul Houston, Global Head of FX Products, CME Group. \"Combining our two leading NDF trading platforms will improve access for participants around the world while expanding liquidity, improving price discovery and providing operational efficiencies for the marketplace.\"\nEBS Market was the first venue to offer electronic NDF trading on a central limit order book in 2007. Customers have the ability to trade 1-month Asian NDFs, LatAm NDFs and African NDFs on the platform.\nFor more information, visit https://www.cmegroup.com/markets/ebs.html#products. .\nAbout CME Group\nAs the world's leading derivatives marketplace, CME Group (www.cmegroup.com) enables clients to trade futures, options, cash and OTC markets, optimize portfolios, and analyze data – empowering market participants worldwide to efficiently manage risk and capture opportunities. CME Group exchanges offer the widest range of global benchmark products across all major asset classes based on interest rates, equity indexes, foreign exchange, energy, agricultural products and metals. The company offers futures and options on futures trading through the CME Globex platform, fixed income trading via BrokerTec and foreign exchange trading on the EBS platform. In addition, it operates one of the world's leading central counterparty clearing providers, CME Clearing.\nCME Group, the Globe logo, CME, Chicago Mercantile Exchange, Globex, and, E-mini are trademarks of Chicago Mercantile Exchange Inc. CBOT and Chicago Board of Trade are trademarks of Board of Trade of the City of Chicago, Inc. NYMEX, New York Mercantile Exchange and ClearPort a...